secwatch.observer — SEC 8-K summary
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Issuer:     Axalta Coating Systems Ltd. (AXTA)
CIK:        0001616862
Form:       8-K
Filed at:   2022-08-29T23:59:59+00:00
Accession:  0001616862-22-000033
Event type: leadership
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Axalta appoints Jan Bertsch to Board; director Elizabeth Lempres to step down
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- Jan Bertsch, former SVP and CFO of Owens-Illinois, appointed independent director effective Sep 13, 2022.
- Bertsch will serve on Audit Committee; receives $75k annual cash stipend and prorated RSUs (~$60k).
- Elizabeth Lempres stepping down effective Sep 15, 2022; no disagreement cited.
- Board size will be 8 members after Lempres departure; 4 of 8 appointed since 2020.
- Board refreshment process ongoing with independent search firm.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1616862/000161686222000033/0001616862-22-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1616862/000161686222000033/axta-20220827.htm
  HTML page:      https://secwatch.observer/filing/0001616862-22-000033

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